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Oil slips from multi-month highs in technical correction

Oil

29 Sept 2023 06:38

29 Sept 2023 06:38

(Montel) Oil prices continued down in early trading on Friday after a sharp retreat on Thursday in a technical correction from multi-month highs reached earlier in the session.

The front-month contract for Brent crude North Sea oil was last seen trading down USD 0.33 at USD 95.05/bbl on Ice Futures, while the US WTI equivalent was last seen USD 0.01 higher at USD 91.72/bbl after falling earlier.

After closing down last week, both benchmarks are headed for a gain of almost 2% this week.

Yesterday, Brent reached USD 97.69/bbl in a new 10-month high, while WTI…

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